Banks don't care what you borrow money for and they don't care whether you can repay it. The only thing they care about is whether you have enough collateral for the loan you want, nothing more. So you can borrow money to trade or do whatever you want with that money.
But indeed, borrowing money is a risk that needs to be carefully considered, let alone borrowing money to participate in trading in a volatile and unpredictable market like crypto. This is a really bad idea, if anyone asks me.
Absolutely right. Banks only care with the collaterals, they will give the loan money if we have enough collaterals. For the repayments of the money, they won't care where will get the money. They will confiscate the collateral if we can't pay the loan money. It is a simple as it is!! But indeed, borrowing money is a risk that needs to be carefully considered, let alone borrowing money to participate in trading in a volatile and unpredictable market like crypto. This is a really bad idea, if anyone asks me.
